Funding for the new domestic small-cap growth mandate comes from a passive investment with RhumbLine Advisers.
The new co-presidents have been with the firm since 2011.
The plan will move the assets with the state investment trust.
The plan committed $60 million across three funds at its board meeting today.
The firm was terminated due to the plan’s overweight to international non-large-cap securities.
City is seeking investment services for its $215 million investment portfolio.
The plan has begun a request for services for a consultant.
The plan put in a full redemption request with its sole real estate manager.
The current consultant’s contract is set to expire later this year.
The plan hired two managers at its board meeting earlier this month.